PROPERTY OVERVIEW:

Former Alco located in Colorado City, TX. The property boasts excellent visibility situated along Hickory St and has abundant parking which totals approximately 70 parking spaces. The building was built in 1998 and is in excellent condition. The property sits in retail corridor with area retailers including Golden Chick, Dollar General, Family Dollar, Pizza Hut, Stripes, Sonic, Dairy Queen, and Subway.

LOCATION OVERVIEW:

Colorado City is located approximately 78 miles east of Midland and 70 miles west of Abilene. The property is located less than half a mile south of Interstate 20 on Hickory Street. Colorado City is located in the heart of the Cline Shale, which covers several counties throughout the West Texas region. The Cline Shale formation is estimated to be around 140 miles long and 70 miles wide and at a depth of approximately 6,000 to 9,000 feet. With those estimated numbers, The Cline Shale could produce over 30 billion barrels of oil, nearly 50 percent more than there’s believed to be in the other largest domestic oil shales, the Eagle Ford in South Texas and the Bakken Shale in North Dakota. The entire formation of The Cline Shale spans nearly 10,000 square miles and test wells show the shale contains 3.6 million barrels of recoverable oil per square mile.

OFFERING SUMMARY:

Sale Price: $295,000

Available SF: 22,036 SF

Lot Size: 1.9 Acres

Building Size: 22,036 SF

Price / SF: $13.39